April 12, 2026 — Two-Week Ceasefire Expires April 22 — No Path to Extension Visible.
April 22 Deadline Looms
The two-week ceasefire brokered by Pakistan expires on April 22, 2026, with no visible path to extension following the failure of Islamabad talks. Without a diplomatic breakthrough in the remaining 10 days, the conflict between the U.S., Israel, and Iran could resume with even greater intensity.
Market analysts warn that the expiration of the ceasefire would likely trigger the most severe oil supply disruption since the 1973 Arab oil embargo. The Strait of Hormuz remains the central flashpoint — Iran's continued control over the waterway gives it leverage that the U.S. has so far been unable to break through military or diplomatic means.